Showing 61 - 70 of 596
We study a new data set of dividend derivatives with maturities up to 10 years across three world regions: the US, Europe, and Japan. We use these asset prices to construct equity yields, analogous to bond yields. We decompose the equity yields to obtain a term structure of expected dividend...
Persistent link: https://www.econbiz.de/10010908236
We demonstrate a striking but previously unnoticed relationship between city size and the black-white wage gap, with the gap increasing by 2.5% for every million-person increase in urban population. We then look within cities and document that wages of blacks rise less with agglomeration in the...
Persistent link: https://www.econbiz.de/10010944684
This paper reviews recent literature that considers and explains the tendency for neighborhood and city-level economic status to rise and fall. A central message is that although many locations exhibit extreme persistence in economic status, change in economic status as measured by various...
Persistent link: https://www.econbiz.de/10010929212
Rising costs of and returns to college have led to sizeable increases in the demand for student loans in many countries. In the U.S., student loan default rates have also risen for recent cohorts as labor market uncertainty and debt levels have increased. We discuss these trends as well as...
Persistent link: https://www.econbiz.de/10011212021
The economic and social mobility of a generation may be largely determined by the time it enters school given early developing and persistent gaps in child achievement by family income and the importance of adolescent skill levels for educational attainment and lifetime earnings. After providing...
Persistent link: https://www.econbiz.de/10011212022
This paper presents a unified theory of human capital with both health capital and, what we term, skill capital endogenously determined within the model. By considering joint investment in health capital and in skill capital, the model highlights similarities and differences in these two...
Persistent link: https://www.econbiz.de/10011263040
While a large literature has focused on the impact of parental investments on child cognitive development, very little is known about the children's own investments. Information on how children use their time separately from parents is probably less informative for babies and toddlers, but it...
Persistent link: https://www.econbiz.de/10010540167
This paper exploits a unique ongoing experiment to analyze the effects of early rearing conditions on physical and mental health in a sample of rhesus monkeys (Macaca mulatta). We analyze the health records of 231 monkeys which were randomly allocated at birth across three rearing conditions:...
Persistent link: https://www.econbiz.de/10010541454
To design studies that fill gaps in existing knowledge and build on innovations in research and practice, international early childhood researchers studying interventions and policies targeting early childhood development (ECD) need to sort quickly through the existing evidence. Researchers have...
Persistent link: https://www.econbiz.de/10009386640
This concept paper proposes a four-stage approach to in-country/region ECD program development, selection, and inquiry designed to build the evidence base required to guide program and policy decisions. The foundation of the approach is a strengths-based continuous program improvement framework....
Persistent link: https://www.econbiz.de/10009386641